Cities
Neptune Apartments Sold to Price Brothers
By Gabriel Circiog, Associate Editor Highwoods Properties has sold Neptune Apartments to Overland Park developer Price Brothers for $11 million, The Kansas City Star reports. The Country Club Plaza has been at the center of public attention for some time, with the Neptune Apartments at the epicenter of an ensuing battle. The North Carolina owner […]
The Village at Market Creek Awarded LEED-ND Silver Certification
By Gabriel Circiog, Associate Editor The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by the United States Green Building […]
UBS Buys North Hollywood High-Rise Apartments for $74 Million
By Alex Girda, Associate Editor In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June 2010, when it was acquired in an REO sale by a joint venture […]
Make it Right Foundation will Assist Conversion of Bancroft School Into Affordable Apartments
By Gabriel Circiog, Associate Editor Make It Right Foundation, founded by Hollywood actor Brad Pitt, together with BNIM Architects from New Orleans, will help out in the renovation of the long-closed Bancroft School into affordable apartments and a community center, The Kansas City Star reports. Plans call for the conversion of the 103-year-old brick school […]
Briarcliff City Apartments Sold to CH Realty V/Briarcliff LLC; Kansas and Missouri United to Keep Marine Data Center
By Gabriel Circiog, Associate Editor Kansas City Life Insurance Company has announced the sale of its 50 percent interests in a joint venture entity, the Briarcliff City Apartments in Kansas City, Missouri. Located at 3880 N. Mulberry Drive, in the Briarcliff master planned community, just five minutes from downtown, the 263-unit multifamily development was a […]
Fat City Lofts Project in Danger as CCDC Votes in Favor of Solar Turbines
By Gabriel Circiog, Associate Editor The Center City Development Corp. board has cast its vote on the Fat City Lofts development. As previously reported, Solar Turbines has opposed the project arguing that coexistence with the planned 232-unit apartment development would be virtually impossible. The company stated that the development would attract an environmental review that […]
Former Boston Herald Building Gets New Life as Mixed-Use Complex
By Veronica Grecu, Associate Editor
Newton-based National Development revealed new details of the redevelopment project that will transform the former Boston Herald headquarters at the corner of Herald Street and Harrison Avenue in the South End into a 6.2-acre mixed-use complex. […]
Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain
By Gabriel Circiog, Associate Editor San Diego-based Newland Real Estate Group LLC has formed a new joint venture with North America Sekisui House LLC, a division of a major Japanese development company, and has thus acquired the largest operating portfolio of residential master-planned communities in the United States. The San Diego Union-Tribune reports the deal […]
Kansas City Reaches $15 Million Settlement for Citadel Plaza Development Lawsuits
By Gabriel Circiog, Associate Editor The Citadel Plaza development saga is finally over with the city putting the cap on the long legal battle. The Kansas City Star reports the details of the settlement that was unanimously voted by the City Council back in November. The $80 million project drawn up over 10 years ago, […]
Briarcliff Realty Plans 298-Unit Development; Aragon Holdings Expands Portfolio
By Gabriel Circiog, Associate Editor Briarcliff Realty is planning to build an apartment community south of the Tuileries Plaza retail center, the Kansas City Star reports. The 298-unit development, Village at Burlington Creek, was approved by the Kansas City Planning Commission, and upon approval from the Kansas City Council,the construction could begin by March. The […]